Verizon Communications Inc. (NYSE:VZ) shares have surged 26% within the last month and 20% over the past year, yet its P/E ratio of 12x remains low compared to the broader US market. This low P/E is attributed to the company’s recent declining earnings. Despite analyst forecasts predicting a 12% annual earnings growth for the next three years, matching market averages, investors appear unconvinced, suggesting potential underlying risks or doubts about achieving these expectations.
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Verizon Communications Inc. (NYSE:VZ) Stock Rockets 26% But Many Are Still Ignoring The Company
Verizon Communications Inc. (NYSE:VZ) shares have surged 26% within the last month and 20% over the past year, yet its P/E ratio of 12x remains low compared to the broader US market. This low P/E is attributed to the company’s recent declining earnings. Despite analyst forecasts predicting a 12% annual earnings growth for the next three years, matching market averages, investors appear unconvinced, suggesting potential underlying risks or doubts about achieving these expectations.